Property, Machinery and Equipment, Net and Assets For The Right-Of-Use, Net (Tables)

12 Months Ended

Dec. 31, 2022

Detailed Information About In Property Plant Equipment Right Of Use Assets

As of December 31, 2022 and 2021, property, machinery and equipment, net and assets for the

right-of-use,

net were summarized as follows:


	2022		2021
Property, machinery and equipment, net	$	10,156		10,202
Assets for the right-of-use, net		1,128		1,120

	$	11,284		11,322

Disclosure of Net Change in Property, Machinery and Equipment

As of December 31, 2022 and 2021, consolidated property, machinery and equipment, net and the changes in this line item during 2022, 2021 and 2020, were as follows:


	2022
	Land and mineral reserves			Building			Machinery and equipment			Construction in progress 1			Total
Cost at beginning of period	$	4,801			2,532			11,727			1,262			20,322
Accumulated depreciation and depletion		(1,226	)		(1,494	)		(7,400	)		—			(10,120	)

Net book value at beginning of period		3,575			1,038			4,327			1,262			10,202
Capital expenditures		126			52			406			457			1,041
Stripping costs		25			—			—			—			25

Total capital expenditures		151			52			406			457			1,066
Disposals 2		(4	)		(4	)		(22	)		—			(30	)
Business combinations (note 4.1)		32			1			9			1			43
Depreciation and depletion for the period		(153	)		(78	)		(493	)		—			(724	)
Impairment losses (note 7)		(12	)		(8	)		(55	)		(2	)		(77	)
Foreign currency translation effects		(83	)		(172	)		(19	)		(50	)		(324	)

Cost at end of period		4,843			2,342			11,663			1,668			20,516
Accumulated depreciation and depletion		(1,337	)		(1,513	)		(7,510	)		—			(10,360	)

Net book value at end of period	$	3,506			829			4,153			1,668			10,156


	2021
	Land and mineral reserves			Building			Machinery and equipment			Construction in progress 1			Total			2020 1
Cost at beginning of period	$	4,741			2,438			11,929			1,188			20,296			19,708
Accumulated depreciation and depletion		(1,177	)		(1,474	)		(7,475	)		—			(10,126	)		(9,143	)

Net book value at beginning of period		3,564			964			4,454			1,188			10,170			10,565
Capital expenditures		81			159			609			—			849			564
Stripping costs		18			—			—			—			18			18

Total capital expenditures		99			159			609			—			867			582
Disposals 2		(20	)		(6	)		(80	)		—			(106	)		(63	)
Reclassifications 3		(4	)		(8	)		(29	)		(3	)		(44	)		(18	)
Business combinations (note 4.1)		—			—			—			—			—			11
Depreciation and depletion for the period		(108	)		(74	)		(536	)		—			(718	)		(736	)
Impairment losses (note 7)		(11	)		(9	)		(15	)		(8	)		(43	)		(306	)
Foreign currency translation effects		55			12			(76	)		85			76			135

Cost at end of period		4,801			2,532			11,727			1,262			20,322			20,296
Accumulated depreciation and depletion		(1,226	)		(1,494	)		(7,400	)		—			(10,120	)		(10,126	)

Net book value at end of period	$	3,575			1,038			4,327			1,262			10,202			10,170

As of December 31, 2022, the Maceo plant in Colombia, finalized significantly in 2017, with an annual capacity of approximately 1.3 million tons of cement, has not initiated commercial operations mainly as the access road has not been finalized. As of the reporting date, the works related to the access road to the plant reflect a significant progress; nonetheless, the beginning of commercial operations is subject also to the successful conclusion of several ongoing processes for the proper operation of the assets and other legal proceedings (note 25.3). As of December 31, 2022, the carrying amount of the plant, is for an amount in Colombian Pesos equivalent to $219.

In 2022 includes sales of

non-strategic

fixed assets in the United States and the United Kingdom for $5 and $5, respectively, among others. In 2021 includes sales of

non-strategic

fixed assets in Spain, the United States and the United Kingdom for $51, $29 and $12, respectively, among others. In 2020, includes sales of

non-strategic

fixed assets in the United Kingdom and the United States for $28 and $18, respectively, among others.

3	In 2021, refers to the reclassification to held-for-sale of the assets in Costa Rica and El Salvador for $43 and $1, respectively. In 2020, refers to the reclassification of the assets in France, Puerto Rico, Colombia and Dominican Republic for $8, $5, $3 and $2, respectively.

Summary of Recognized Impairment Losses

During the years ended December 31, 2022, 2021 and 2020 impairment losses of fixed assets by country are as follows:


	2022		2021		2020
United States	$	26		18		76
Spain		23		—		135
Colombia		—		10		2
Caribbean TCL		14		—		—
United Kingdom		10		5		39
Puerto Rico		—		—		20
Croatia		—		—		13
Panama		—		—		12
Others		4		10		9

	$	77		43		306

Asset for the Right of Use,Net

As of December 31, 2022 and 2021, consolidated assets for the

right-of-use,

net and the changes in this caption during 2022, 2021 and 2020, were as follows:


	2022
	Land			Buildings			Machinery and equipment			Others			Total
Assets for the right-of-use at beginning of period	$	395			401			1,513			21			2,330
Accumulated depreciation		(147	)		(205	)		(845	)		(13	)		(1,210	)

Net book value at beginning of period		248			196			668			8			1,120
Additions of new leases		45			21			207			23			296
Cancellations and remeasurements		(15	)		(27	)		(82	)		(1	)		(125	)
Depreciation		(1	)		(77	)		(165	)		(15	)		(258	)
Foreign currency translation effects		20			19			48			8			95

Assets for the right-of-use at end of period		439			335			1,570			55			2,399
Accumulated depreciation		(142	)		(203	)		(894	)		(32	)		(1,271	)

Net book value at end of period	$	297			132			676			23			1,128


	2021
	Land			Buildings			Machinery and equipment			Others			Total			2020
Assets for the right-of-use at beginning of period	$	409			457			1,502			21			2,389			2,265
Accumulated depreciation		(139	)		(253	)		(744	)		(10	)		(1,146	)		(980	)

Net book value at beginning of period		270			204			758			11			1,243			1,285
Additions of new leases		59			22			143			3			227			213
Cancellations and remeasurements		(28	)		(19	)		(87	)		—			(134	)		(76	)
Business combinations (note 4.1)		—			—			—			—			—			13
Depreciation		(17	)		(37	)		(226	)		(3	)		(283	)		(239	)
Foreign currency translation effects		(36	)		26			80			(3	)		67			47

Assets for the right-of-use at end of period		395			401			1,513			21			2,330			2,389
Accumulated depreciation		(147	)		(205	)		(845	)		(13	)		(1,210	)		(1,146	)

Net book value at end of period	$	248			196			668			8			1,120			1,243